Business
Share Repurchase Programme - Fifth Tranche
Kingfisher plc has initiated the fifth tranche of its share repurchase programme, instructing Goldman Sachs International to purchase up to £75 million of its ordinary shares for cancellation by March 20, 2026. This tranche is part of a broader £300 million commitment announced in March 2025, with the aim of reducing the company's share capital. To date, Kingfisher has already repurchased and cancelled 76,861,049 shares under the programme. The company confirms it has no unpublished price-sensitive information. Disclaimer*
About this update from Kingfisher Plc
[{"type":"text","content":"\n\n \nKINGFISHER PLC\nShare repurchase programme - Fifth Tranche\nKingfisher plc (the \"Company\" or \"Kingfisher\") announces that it has instructed Goldman Sachs International (\"GSI\") in relation to a non-discretionary programme to purchase its shares for cancellation, during the period which will commence today and end no later than 20 March 2026 (the \"Tranche\"). GSI will act as principal for the on-sale of such shares to the Company, and will make its trading decisions concerning the timing of the purchases of the Company's ordinary shares independently of the Company.\nThe maximum amount allocated to the Tranche (excluding expenses) will be no greater than £75 million (Note 1). The purpose of the Tranche is to reduce the share capital of the Company. As such, the Company will cancel any ordinary shares purchased. This is the fifth tranche of an overall commitment by the Company to purchase £300 million of its shares for cancellation, as announced on 25 March 2025 (the \"Programme\").\nAny acquisitions under the Programme will be carried out within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, the EU Market Abuse Regulation (596/2014) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and Chapter 9 of the UK Listing Rules. The Company confirms that it currently has no unpublished price sensitive information.\nFor the avoidance of doubt, no repurchases will be made in respect of the Company's American Depositary Receipts.\nNote 1. The maximum number of shares that the Company may purchase would be 119,389,145 ordinary shares of 15 5/7 pence each, in line with the authority granted to Kingfisher by shareholders at the Company's Annual General Meeting on 23 June 2025 and taking into account the 58,928,178 shares cancelled following purchases since this date.\nTo date, the Company has repurchased and cancelled 76,861,049 shares under the Programme.\n \n \n\n\n\n\nContacts\n\n\nTel:\n\n\nEmail:\n\n\n\n\nGroup Company Secretariat\n\n\n+44 (0) 20 7372 8008\n\n\[email protected]\n\n\n\n\nInvestor Relations\n\n\n+44 (0) 20 7644 1082\n\n\[email protected]\n\n\n\n\nTreasury\n\n\n+44 (0) 20 7372 8008\n\n\[email protected]\n\n\n\n\n \n\n","length":4610,"tagName":"div"}]